Moreover, the number of Chinese who go abroad is closely

residents’ disposable income levels and income growth. Data from the National Bureau of Statistics (NBS) showed that in 2017, the per ca

pita disposable income of the high-income group reached 64,934 yuan ($9,604.71). For most of the residents in the high-inco

me group, overseas tours remain as a kind of luxury spending, thus the per capita disposable income for residents that traveled abroad

should be raised to at least 120,000 yuan a year. Yet this group probably numbers less than 100 mil

lion residents. In other words, the number of people who can afford the average cost of going abroad is theoretically less than 100 million.

Although many research institutions are optimistic about the development pr

ospects for Chinese people’s overseas tourism, the growth rate of private outbound trip

s was only 5.7 percent in 2017, compared to 22 percent in 2010 and 10.6 percent in 2015, showing a do

wnward trend. This may actually reflect the decline in the growth rate of disposable income.

I don’t agree with the so-called “consumption downgrade,” as the Engel coefficient – the propor

tion of money spent on food in household expenses – fell to 28.4 in 2018. Yet, the slowdown in consumption growth, increased leverage r

atio in home purchases and other factors have all impeded the pace of the consumption upgrade.

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PLA Rocket Force Weibo accounts take off in popularity

Hundreds of thousands of users on Sina Weibo, the Chinese Twitter-like social media platform, have flocked to and followed the tw

o official Weibo accounts newly created on Thursday afternoon by the Chinese People’s Liberation Army Rocket Force.

PLA Rocket Force, formerly the Second Artillery Corps, was established on Dec 31, 2015, and serves as the strategic and tactical missile force of China.

It marks the first time for the PLA Rocket Force to open up official Weibo accounts, making the emergence of

two at once even more remarkable. One account shared the same name with the force, wh

ile another chose the funnier and more down-to-earth name Dongfeng Kuaidi, which means “Eastwind Delivery”.

Some netizens made a guess that the former one would be used for releasing official and formal news and the latter for communicating with the sea of Weibo users.

At the time of writing, the account PLA Rocket Force had over 82,000 follo

wers and Dongfeng Kuaidi had 180,000 fans, despite the fact that neither of the a

ccounts had posted any content yet. Meanwhile, the number of followers continues to surge wildly.

Most fans are surprised by the PLA Rocket Force’s move to “land” on a social m

edia platform with hundreds of millions of users, due to its air of mystery.

Many of them have said “welcome” to the PLA Rocket Force and could not to wait to le

arn more about and interact with it on the social media platform they often use in daily life.

The PLA is comprised of the Ground Force, Air Force, Navy, Rocket Force and Strategic Support Force.

hangzhouywlt.com

llegedly maltreated boy appears before court in Guangdong

teenager rescued from seven years of alleged maltreatment at the hands of his aunt and uncle

has appeared before the court in Pingyuan county, Meizhou city, Guangdong province.

The news came from a statement released by Guangdong High People’s Procuratorate on Friday.

Xiao Ming‘s aunt was suspected to have maltreated him for more than seven years, starting

when he was seven years old, resulting in severe physical and psychological damage, the statement said.

Xiao, born in 2004, lived with his father after his parents divorced in May 2008. After his father

died in a mining accident in October the same year however, Xiao was sent to live with his grandparents.

It was in May 2011 when his uncle (his father’s older brother) an

d aunt forced Xiao to live with them that the alleged maltreatment began.

It is claimed that the family treated him so poorly that he had insuf

ficient food and clothes, and that he dropped out of school to do farm work for his aunt.

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Regulator issues guidelines to make loan renewal easier

he China Banking and Insurance Regulatory Commission Beijing Office announced on Thursday it has issued guidelines for banking institutions on re

newing micro and small business loans to shorten the financing chain and reduce financing costs.

The guidelines aim to cut unnecessary so-called “passageway business” a

nd bridging finance that “bridges” the gap between the time when a company’s m

oney is set to run out and when it can expect to receive an infusion of funds later on, under the premise that banking in

stitutions will meet the requirements on internal control and risk management.

“The loan renewal policy is actually a credit policy to incentivize lending to high-quality enterpri

ses,” said Jiang Ping, a senior official at the China Banking and Insurance Regulatory Commission Beijing Office.

“For companies that have run into temporary operational difficulties but still have enormous potential for development, banks should help them get th

rough the tough times by renewing their loans. However, banks are forbidden from covering or delaying risk ex

posure associated with lending to ‘zombie firms’, which cannot repay loans, in the name of loan renewal,” she said.

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oreigners choose Hohhot over megacities boiled lamb b

Hohhot, capital of North China’s Inner Mongolia autonomous region has seen an influx of foreign residents over the past few years.

Traditionally, megacities such as Beijing and Shanghai have been popular with expats, but many are now choosing lesser known cities such as Hohhot.

Thanks to the city’s rapid economic growth, Hohhot is increasingly seen as an exciting place to live and work.

“I have lived here for nearly 14 years; I love everything here,” said Vincent, an expat from the Philippines.

Vincent came to Hohhot in 2006 to work as a foreign language teacher. S

ince then, he has learnt to speak fluent Chinese and has built a successful career in the city.

Hohhot has changed dramatically over the last few years; there are new expres

sways and significant improvements to public transportation networks, he said.

Most importantly, the city is becoming more and more environmentally friendly, he added.

The local culture has also proved attractive to foreigners arriving in the city.

Jason, an Irish expat, works in the city as a foreign language teacher. He

enjoys learning the local dialect and even decorated his house with red lanterns ove

r Spring Festival, despite not knowing anything about the festival when he first arrived in Hohhot.

I’m really pleased to be working here, and hope that I can make a valuable contribution to the city, he said.

The municipal government plans to continue making the city a welcoming environment for

expat workers, with a host of new preferential policies designed to make the city an attractive place to live in.

shlfas.com

Hulu has a special treats on offer for Valentigy eases travSpri

During this year’s Spring Rush (or chunyun), which started on Jan 21 and will end on March 1, Chinese people are expected to make about 2.99 billion trips. Th

is is equivalent to relocating the entire population of Africa, Europe, the Americas and Oceania in 40 days.

That China successfully manages the largest mass migration in the world shows the Chinese e

conomy remains vibrant and the country is moving toward overall prosperity. According to statistics from relevant de

partments, China’s total passenger transport capacity, including the railways, waterways and civil a

viation, during the 2019 chunyun is expected to increase by more than 5 percent over last year’s. Which means C

hina’s transportation authorities have made great efforts to optimize and improve passenger transfer services.

For passengers’ convenience, the authorities are widely applying smart and information tech

nologies to promote closer cooperation among the railways, civil aviation and road networks, and str

engthen the links among different transport modes, in order to provide the passengers with better “last-mile” services.

Hainan Island Circular High-Speed Railway has taken the lead in piloting e-ticket rail travel. The Haina

n railway project is aimed at replacing paper tickets with e-tickets, and making identity cards or certificates the travel vo

ucher, in order to establish a self-service entrance and exit, and self-service ticket change and refund mechanisms.

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nside the workshop of Jilin province’s ‘last blacks

Tian Hongming, 67, has been dubbed the “last blacksmith by the fire” by the people of Changchun, capital of northeast China’s Jilin province.

Having picked up the skill of forging iron at the age of seven from his grandfather, Tian has made a living from the skill for more than half a century.

In the 1990s his business reached its peak, selling more than 80,000 iron products a year, Tian said.

With increaed industsrialization and the cheaper and more intricate iron products it brought however, Tian and his workshop went into decline.

Although fewer customers now choose handmade iron products, Tian sticks to the traditional craft and takes every order seriously.

In 2015 his skill was listed among the city’s intangible cultural heritages.

“Sometimes, the flow-line productions can’t meet the special needs of custo

mers, so the craft will never be replaced,” he said. “And I will continue my business as long as the market and customers need me.”

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Shanghai unveils measures to optimize business environment

Shanghai has announced a series of reform measures aimed at improving its business environment to maintain stable economic growth.

The measures cover 25 main areas such as business startups, applications for construction permits and electricity serv

ice, according to a working conference held by the municipal government on Feb 11.

Shanghai cannot simply rely on favorable policies to achieve development, let alone low-cost compe

tition, said Li Qiang, Party chief of Shanghai, adding that a better business environment is the strong impetus.

This year, Shanghai will promote collecting and sharing of public data as well as easy

access to governmental services for enterprises and citizens, according to local government authorities.

According to a World Bank report on the ease of doing business released in October last

year, China advanced to a global ranking of 46 among 190 economies in 2018, up from 78 in the previous year.

Shanghai recorded an overall economic growth of 6.6 percent last year, with its GDP per capit

a exceeding $20,000. The city expects to attain a growth rate of 6 percent to 6.5 percent this year.

gzbbch.com

Trump dislikes border security deal but Republicans urge support

WASHINGTON – President Donald Trump said on Tuesday he was not happy with a deal struck

by congressional negotiators on border security that denied him funds for his promised US-M

exican border wall, but did not reject it outright as fellow Republicans urged his support.

Trump’s demand in December for $5.7 billion from Congress to help build a wall on the southern border triggered a 35-day

closure of about a quarter of the federal government. But he remains undecided about whether he will support the

agreement reached on Monday night that includes $1.37 billion for border fencing.

Nevertheless, Trump said he did not expect another shutdown, while con

tinuing to insist he could find a way to bypass Congress and build a wall without lawmakers.

Funding for the Department of Homeland Security, the Justice Department and a host of other agencies is due to expire when the calendar turns to

Saturday after the expiration of a stopgap measure that ended the longest federal shutdown in US history. Mo

nday’s tentative funding agreement would keep the government open until Sept. 30, the end of the federal fiscal year.

“I have to study it. I’m not happy about it,” Trump told reporters at the White House about the deal, which would need to

be passed by the Democratic-led House of Representatives and Republican-controlled Senate and signed by him.

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In the mean time, both Yauatcha City and Yauatcha Soho will

be paying homage to the year of the Earth pig by teaming up with celebrated design team, Isabel an

d Helen Studio to create a bespoke art installation within the restaurants inspired by the zodiac an

imal. An exclusive Chinese New Year menu will also be available featuring celebratory dishes.

The pig occupies the final position in the Chinese zodiac and encapsulates a care free nature marking the end of the cycle. It signifies

growth and contentment and encourages restoration and reflection. The Year of the Pig installation will consist of multiple ‘bio-morphic’ pigs su

spended from the ceiling using wire and created from a series of abstract shapes made from red Perspex and gold brass. The shapes will balance and slowly ro

tate in the air and when viewed at the perfect angle will reveal a Chinese New Year inspired pig.

Encasing the restaurant exteriors will be a vibrant red and gold vinyl wrap featuring an illustration of the Earth pig b

y Quentin Monge, in addition to small colored pig figurines lining the shelves of the restaurant windows.

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